Despite Electric Vehicle Focus, Global Oil Demand Still Growing

摘要

Short-term oil demand is still growing strong and will continue to do so through the end of 2020, writes IHS Markit, which observes the trend is taking place despite the increasing focus on electric vehicles and a forecast future plateau in oil demand. IHS analysis shows refined product demand has averaged ] .2 MMbbld over the last five years. Current global total liquids oil demand growth is at similar levels to what was recorded during the 2003-2007 commodity super-cycle, referred to as the golden age of refining. At present, current global total liquids oil demand is about 100 MMbbld, a new report by the business information provider's oil markets and research team finds.